Question
your client needs to buy a car the vehicle price is 29200 and they intend to make a down payment of 4800 assume compounding and
your client needs to buy a car the vehicle price is 29200 and they intend to make a down payment of 4800
assume compounding and payments at 12 times per year
interest rate = 5.60%
period = 8 years
annual gross income = 74500
rent with utilities = 450
existing debt payments per month = 450
how much will the loan payment be?
Step by Step Solution
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Step: 1
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Spreadsheet Modeling And Decision Analysis A Practical Introduction To Business Analytics
Authors: Cliff Ragsdale
7th Edition
1285418689, 978-1285969701, 1285969707, 978-1285418681
